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Key Details
Sold Price $439,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR23187985
Sold Date 12/21/23
Bedrooms 4
HOA Y/N No
Lot Size 6,534 Sqft
Property Description
Discover an exceptional investment opportunity in the heart of Desert Hot Springs, California, with this immaculate triplex property. Situated in a desirable location, this triplex offers three distinct units, including two studio units and a spacious two-bedroom unit, making it an ideal income-generating asset for savvy investors. The first unit is a charming studio with one bedroom and one bathroom, encompassing approximately 400 square feet of well-designed living space. The second unit is another studio unit, complete with a bedroom and bathroom, also boasting approximately 400 square feet of comfortable living area. The third unit is a generously sized two-bedroom unit with one bathroom, offering approximately 600 square feet of living space. Two of the units, including one studio and the two-bedroom unit, will be delivered vacant and move-in ready. This presents an excellent opportunity for immediate rental income or the possibility of occupying one of the units while generating income from the others. Buyers to do due diligence if they can expand the property by adding an Accessory Dwelling Unit (ADU) due to the ample lot size of 6,534 square feet. Desert Hot Springs is renowned for its natural mineral springs, stunning desert landscapes, and a burgeoning real estate market. With its proximity to Palm Springs and the Coachella Valley, this location offers an appealing combination of relaxation and entertainment. The area's popularity with tourists and seasonal residents provides a consistent demand for rental properties, making this triplex an attractive investment.
Discover an exceptional investment opportunity in the heart of Desert Hot Springs, California, with this immaculate triplex property. Situated in a desirable location, this triplex offers three distinct units, including two studio units and a spacious two-bedroom unit, making it an ideal income-generating asset for savvy investors. The first unit is a charming studio with one bedroom and one bathroom, encompassing approximately 400 square feet of well-designed living space. The second unit is another studio unit, complete with a bedroom and bathroom, also boasting approximately 400 square feet of comfortable living area. The third unit is a generously sized two-bedroom unit with one bathroom, offering approximately 600 square feet of living space. Two of the units, including one studio and the two-bedroom unit, will be delivered vacant and move-in ready. This presents an excellent opportunity for immediate rental income or the possibility of occupying one of the units while generating income from the others. Buyers to do due diligence if they can expand the property by adding an Accessory Dwelling Unit (ADU) due to the ample lot size of 6,534 square feet. Desert Hot Springs is renowned for its natural mineral springs, stunning desert landscapes, and a burgeoning real estate market. With its proximity to Palm Springs and the Coachella Valley, this location offers an appealing combination of relaxation and entertainment. The area's popularity with tourists and seasonal residents provides a consistent demand for rental properties, making this triplex an attractive investment. Please note that the listing agent does not guarantee the accuracy of the square footage or other information concerning the condition or features of the property, and prospective buyers are strongly advised to conduct their own thorough due diligence to verify all details. Don't miss out on this remarkable opportunity to acquire a triplex in Desert Hot Springs, CA, with excellent income potential and room for future growth. Contact us today to schedule a viewing and explore the possibilities this property has to offer. Seller open to offer concessions if buyer uses sellers preferred lender
Location
State CA
County Riverside
Area Riv Cty-Desert Hot Spri (92240)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Monthly Total Fees $117
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Space Rent $600
Listing Terms Cash, Conventional, Exchange, FHA, VA
Financing Conventional
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Bought with Andy Dean • First Western Properties